texaslawhopefully
19:59
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
decree of furthcuming
Read a random definition: out-of-pocket loss
A quick definition of decree of furthcuming:
A decree is a decision made by a court. It can be a final judgment or an order in a specific type of case, like a divorce. Sometimes, both parties agree to the terms of the decree, and it is called an agreed or consent decree. In some cases, a decree can be changed if there is a good reason. There are different types of decrees, like a custody decree or a decree of nullity for a marriage that was never valid. A decree of forthcoming is a type of court order in Scotland that tells someone who owes money to give their property to the creditor to pay off the debt.A more thorough explanation:
A decree of furthcuming is a court order in Scottish law that commands a third party in possession of a debtor's property to deliver the property to the creditor for liquidation or satisfaction of a debt. It is also known as a decree of forthcoming.
For example, if a person owes money to a creditor and has property in the possession of a third party, such as a bank account or a car, the creditor can obtain a decree of furthcuming to force the third party to hand over the property to be sold or used to pay off the debt.
This type of court order is commonly used in debt collection cases and is a way for creditors to recover what they are owed.